VIC What does it mean when a Business wanted me to withdraw complaints against them and in return they give me small amount.

[ksivasub]

Hello everyone,

A real estate business owes me a significant amount, $150k.
Recently, their real estate agent approached me to withdraw my complaints filed against them with government bodies.
In return, the real estate business proposes to pay me a smaller amount of $50k. Upon successful withdrawal of the complaints, they say they will pay the remaining $100k in mid-2024, although the exact dates are not confirmed.

I have a question about the real estate business's approach. What could be the possible reasons for this proposal, and what does it mean?

Are they tricking me?
I am concerned that accepting this offer might result in receiving only $50k, and there's uncertainty about receiving the remaining $100k, even if they provide it in writing.

It's worth noting that the real estate is responding to the complaints I raised with government agents using their lawyer.

I appreciate your guidance. Thank you.

Kind regards,
Siva.

 

[LostEcho]

Have you considered consulting with a legal expert to make sure you're fully protected?

 

[karissatbeltran]

The real estate business might be offering a smaller upfront payment to avoid further legal pressure, but it’s definitely understandable to feel unsure about the remaining $100k. Personally, I had a similar experience with a business that owed me money, and I learned the hard way that having things in writing, especially with clear terms about payment dates, is crucial. In some cases, if you're dealing with companies that operate internationally, it might be worth looking into how offshore setups like https://dubai.houseofcompanies.iо/ can impact the situation, as some companies use these to limit liability. It might also help to consult with a financial or legal expert to ensure you're fully protected.